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EveryMatrix extends position as fastest growing iGaming supplier with twin 2024 acquisitions
EveryMatrix’s rapid growth trajectory continued in Q3 2024 yet again setting record net revenue and delivering a sixth consecutive profit margin of more than 50%, boosted by two major casino and sports acquisitions in the last five months.
The global tier-1 business, that has seen headcount rise 31% Year-on-Year (YoY) to 1,188 following two all-cash acquisitions of FSB Technology in June and, post period, Fantasma Games in October, confirmed its status as the fastest growing iGaming technology supplier with another set of stellar financial results.
Unveiling Q3 2024 results EveryMatrix set a record high quarterly net revenue of €45 million across all products, up 66% YoY, while recording an EBITDA margin of 52%. Q3 EBITDA stood at €23m, up 71% YoY.
The sixth consecutive 50%+ quarterly profit margin was driven by new customer launches, continued growth in its core sports and casino business units and further bolstered by strong sports trading margins.
FUTUREPROOFING THE GROUP WITH VALUE-ADDING ACQUISITIONS
The EveryMatrix Group significantly bolstered future success, further market penetration and a strong pipeline of new customers with two value-adding acquisitions: FSB Technology and Fantasma Games.
FSB Technology has added approximately 15% additional Gross Gaming Revenue (GGR) to the Group’s sportsbook business unit volumes with customer migration on schedule. This includes UK operator BetGoodwin that agreed a multi-year deal to expand its use of EveryMatrix’s turnkey sports and casino technology.
The acquisition has also strengthened key areas of the business, including the OddsMatrix sportsbook, by doubling the trading and quants team to enhance personalisation within managed odds and risk services.
Fantasma Games, one of the fastest growing young casino studios in the industry, was added to the Group in October. The integration of the Fantasma Games team will bring strong commercial, technical, and creative skills.
EveryMatrix customers will benefit significantly with the immediate addition of well-known titles that are already live with more than 250 operators and played by millions of players across 50+ countries.
Fantasma Games’ market distribution will also boost EveryMatrix’s presence in rapidly growing markets such as North America where the industry’s fastest growing technology provider has ambitious plans to build on its established partnerships with tier-1 brands.
CORE BUSINESS UNITS EXPERIENCE ACCELERATED GROWTH
Q3 2024 GGR for operator partners within the Casino business unit generated a twelfth consecutive record quarterly performance of €709m, up 53% YoY with GGR for the last 12 months at €2.6 billion, a 63% YoY increase.
Quarterly casino net revenue improved to €23.8m, up 78% YoY while EBITDA reached €14.9m reflecting a 95% YoY increase. The SlotMatrix aggregation product introduced a total of 970 unique game titles and integrated 10 new vendors bringing the total to more than 170, well above any other aggregator worldwide.
OddsMatrix quarterly sportsbook turnover climbed to 87% YoY to €1.5bn and €5.3bn for the last 12 months reflecting a 60% YoY increase, while last 12 months GGR rose by 158% YoY to €361.9m. Net revenue for the quarter reached €11.7m, up 85% YoY, while EBITDA reached €6m, reflecting a 117% YoY increase.
OddsMatrix hit a record number of live events with 530k in Q3, up 14% YoY. The total number of bets placed in Q3 reached 132m, reflecting a 225% increase YOY.
Platform saw third quarter net revenue rise 30% YoY to €8.1m, with EBITDA at €2.8m. GamMatrix, the EveryMatrix Player Account Management (PAM) system, processed 400k bets per minute during peak hours, up 18% QoQ, while also going live in Peru. The number of successful payment transactions reached €4.4bn in Q3, a 91% YoY increase.
The Affiliate division, including PartnerMatrix and PartnerMatrix Intelligence, launched a new website combining affiliate software and affiliate intelligence products under one proposition. The business unit reached 82 active clients, an 11% QoQ increase and saw net revenue reach €1.4m in Q3 2024, up 13% YoY. EBITDA decreased -€0.25m due to continued product and commercial investment.
Ebbe Groes, Group CEO of EveryMatrix, said: “The last few months have been some of the busiest since we founded the company 16 years ago; continuing to drive record GGR for our customers, launching more tier-1 operators and making two significant acquisitions that have instantly added value to the wider Group and that will futureproof both our sports and games divisions.
“As a result of these deals we expect to see even more growth and profitability as we migrate more FSB customers to our technologies and our Games division accelerates production and distribution to become a significant global studio.
“We are the clear frontrunner when it comes to being the fastest growing iGaming supplier.”
Q3 2024 HIGHLIGHTS
- Integration of FSB Technology into wider Group, double trading team and migration of customers to EveryMatrix technology
- Won Tier 1 operator in Africa, Mbet, on the back of the FSB acquisition (post period)
- Acquisition of Fantasma Games to futureproof Games business unit. This includes two new offices in Stockholm, Sweden and Sofia, Bulgaria, bringing the Group’s office total to 15 worldwide (post-period)
- Pinnacle, tier-1 operator, live with EveryMatrix casino platform technology
- GamMatrix live in Peru with all certifications
- PartnerMatrix and PartnerMatrix Intelligence launch new website to create an all-in-one affiliate management and data tracking proposition
- Launch of LoyaltyEngine, advanced loyalty module where players earn XP, level up, and earn coins that can be spent in a Loyalty Shop
- Winner of the Multi-channel Supplier of the Year at SBC Awards and Starlet Awards
- Kevin Furlong promoted to Group Chief Product Officer with responsibility for product strategy across all business units
- Launch of ‘Academy for Heroes’, second EveryMatrix funded NGO. Designed to help veterans of the Ukraine conflict develop careers in IT
The post EveryMatrix extends position as fastest growing iGaming supplier with twin 2024 acquisitions appeared first on European Gaming Industry News.

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Chengdu Set to Host BLAST Dota Slam Arena Event This December as Part of Three-Year Deal
Competitive entertainment company BLAST has announced its debut arena event in mainland China with the BLAST Dota Slam Chengdu, set to take place 5–7 December 2025 at the Wuliangye Chengdu Performing Arts Centre, in collaboration with the Chengdu Television and Media Company.
The world’s best Dota 2 teams will battle it out for glory and a $1,000,000 prize pool, in front of thousands of fans inside the arena and millions more watching across the globe. The event will be broadcast live in more than 50+ territories and 30+ languages, further showcasing Chengdu on the global esports stage.
The event will be delivered as part of a close partnership and multi-year agreement with Chengdu Television and Media Company, with follow-up tournaments to be confirmed for in the future.
The Wuliangye Chengdu Performing Arts Centre is a state-of-the-art, 12,000-seat venue designed to host world-class concerts, live performances and major entertainment events.. As one of Chengdu’s landmark cultural venues, the Centre features cutting-edge facilities and versatile design, reinforcing the city’s reputation as a global destination for entertainment and live experiences.
The partnership with Chengdu Television and Media Company will ensure the event combines BLAST’s world-class production with strong local storytelling and cultural integration. This collaboration marks a significant moment in the development of esports in Chengdu, supporting the city’s ambitions to position itself as a hub for live entertainment and competitive gaming in Asia. The city is also set to host the 2025 League Of Legends World Championship Final in Chengdu in November 2025, and has a long history of hosting esports events right back to 2009.
James Woollard, Director of Market Development at BLAST, said: “We are incredibly proud to bring BLAST’s first ever event in mainland China to Chengdu; a city with rich culture, cutting-edge infrastructure, a history of live entertainment and a growing reputation for gaming and esports. Entering the buoyant and growing Chinese esports and gaming space – one of our fastest growing viewership markets – is hugely important, and partnering with Chengdu Television and Media Company allows us to combine our global competitive entertainment pedigree with trusted local expertise to deliver something truly special. The Phoenix Mountain Sports Park Arena is a phenomenal venue, and we can’t wait to create landmark esports moments there this December as part of a multi-year partnership.”
Zhou Wenwen, General Manager of Chengdu Broadcasting Film and Television Group, said, “We are very glad to cooperate with BLAST and bring a world-class esports experience to Chengdu. The BLAST Slam is not only a competitive feast for fans all over the world, but also an important opportunity to showcase Chengdu as an international cultural, sports and entertainment destination. We believe that the cooperation between the two sides in the next three years will surely inject strong fuel into the development of the esports industry in Chengdu and make significant contributions. “
BLAST Dota Slam Chengdu is expected to deliver significant economic and cultural impact for Chengdu. Esports has become a powerful platform for cities worldwide, attracting young and engaged visitors, driving tourism and investment and reinforcing international visibility.
With major BLAST events in 2025 already staged in Rio, London, Lisbon, Austin, Boston, Singapore and Hong Kong, Chengdu now joins the global circuit of landmark esports destinations.
The first direct invites for the event have been announced with Tundra, Heroic, Team Spirit, Team Falcons, Parivision and Team Liquid all set to compete for a spot in the BLAST Slam Chengdu in December.
Fans can sign up at BLAST.tv to be the first to receive ticketing updates, exclusive news and pre-sale access for BLAST Dota Slam Chengdu.
The post Chengdu Set to Host BLAST Dota Slam Arena Event This December as Part of Three-Year Deal appeared first on European Gaming Industry News.
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New slot Azteca Gold Collect: Guaranteed Wins and Respins
Red Rake Gaming launches its latest title, Azteca Gold Collect, a vibrant and thrilling video slot that transports players to the heart of the ancient Aztec civilization. With colorful visuals and action-packed gameplay, this 5×3, 25-payline slot is designed to deliver a gaming experience full of surprises, accumulating wins, and innovative features.
At the core of the game are the Azteca Gold symbols, appearing on reels 1 to 4 and each containing individual win values. When an Azteca Collect symbol lands on reel 5, it instantly gathers all visible Azteca Gold values, awarding the total as an immediate win to the player. But that’s only the beginning.
During the base game, several Collect-type modifiers can be triggered, significantly boosting win potential:
- Azteca Plus adds an extra amount to each Azteca Gold symbol before collection.
- Azteca Multiplier applies a multiplier to all Azteca Gold symbols on the screen.
- Azteca Expand transforms any reel containing Azteca Gold into a full reel of Azteca Gold symbols, each with a random value.
- Azteca Respin locks all Azteca Gold symbols in place and awards a respin, increasing the potential win.
The Free Spins feature is activated by landing three BONUS symbols on reels 1, 3, and 5, awarding 16 free spins. During this feature, Azteca Gold and Collect symbols remain active, but with an exciting twist: all wins from Azteca Gold symbols are added to a special pot, even if no Collect symbol lands on that spin. At the end of the feature, the accumulated pot is transformed into a giant Azteca Gold symbol, which is placed back on the reels for one final respin. If a Collect symbol appears on that spin, the player wins the entire accumulated amount!
Additionally, landing three BONUS symbols during the free spins awards 8 extra spins, extending the excitement and winning opportunities.
With its powerful mix of instant wins, special features, and a free spins feature with an accumulating pot, Azteca Gold Collect is the perfect addition for operators seeking visually stunning, entertaining slots packed with high-performing mechanics.
With this new release, Red Rake Gaming continues to expand its portfolio with dynamic and innovative slots designed for all markets. As with the rest of the company’s games, this slot is fully integrated into Red Rake Gaming’s renowned tournament tool, further enhancing player engagement and entertainment.
The post New slot Azteca Gold Collect: Guaranteed Wins and Respins appeared first on European Gaming Industry News.
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Claim the Crown in Royal Blaze from ICONIC21
Think you can handle the heat? Then take the reign of fire in Royal Blaze, the latest classic slot release from in-demand iGaming content provider, ICONIC21.
This is a game of thrones where players do battle across a 3×5 reel kingdom and where five paylines remain active at all times.
Royal Blaze really does burn with fire and intensity – every spin feels alive, driven by the game’s bold design and a rhythm that builds and builds, and never slows down.
But there are some important symbols to collect along the way.
The Crown Wild expands filling the reel and lifting the action and big win potential higher and higher.
Then there are Scattered Diamonds in classic blue and yellow, and they pay wherever they land.
Royal Blaze is sleek, radiant and made for discerning players who want their gameplay to be sharp, confident and with plenty of heat.
As with all the provider’s slots, Royal Blaze is offered in real-money and social/sweepstakes formats to meet the demand it’s already experiencing from both types of operators for its existing suite of games.
Edvardas Sadovskis, CPO at ICONIC21, said: “Royal Blaze is a slot that rolls out the red carpet and turns up the heat for players looking to take the big win crown.
“This is a classic slot that’s all about Wilds and Scatters, both of which amp up the action and put players on the edge of their thrones.
“This is a great addition to our growing portfolio of classic slots, which has been curated to not only meet but exceed player and operator expectations.
“We look forward to seeing if players can indeed handle the heat and claim the great riches that come with being able to do so.”
The post Claim the Crown in Royal Blaze from ICONIC21 appeared first on European Gaming Industry News.
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